Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, today announced the launch of its Digital Asset Tracking Service, a solution specially created for victims of ransomware and crypto crime caused by theft, hacking, and fraud.
A team of Uppsala Security experts is now available to assist organizations and individuals who have been victims of malicious activity and cybercrime to thoroughly analyze the incident and compile a conclusive detailed report tracking the assets lost based on the incident details received from the victim.
To achieve the above, designated security experts utilize in-house built software tools, including the Crypto Analysis Transaction Visualization (CATV) to track cryptocurrency transactions and the Crypto Analysis Risk Assessment (CARA) to analyze and measure crypto transaction risks; both of the aforementioned tools, tap into the decentralized, crowdsourced Threat Intelligence Database built by Uppsala, currently containing over sixty-one million validated, security indicators.
Regarding cybercrime incidents that resulted in the loss of cryptocurrency assets, victims can now submit all available details of the incident using this form, after which the transaction tracking process will start following the below steps:
- Submission of the incident using the form available on the Uppsala Security website.
- After confirming the validity of the incident, a security researcher will be assigned to the case.
- A service description will be provided, including the general upcoming steps of the investigation, and a contract will be signed between Uppsala Security and the victim.
- Lastly, a thorough, detailed forensics report including all the results of the in-depth investigation will be provided to the victim. Depending on the jurisdiction of the victim’s country of residence, the report could be submitted to legal agencies for further measures.
As a result of the Digital Asset Tracking Service, a client will receive a comprehensive transaction tracking report; this does not guarantee that the lost cryptocurrency funds will be recovered by the victim. However, despite the data immutability that characterizes the decentralized space, Uppsala has managed to solve cases that concluded with the full recovery of the lost assets; each of those cases included support by local law enforcement and the cooperation of the crypto exchanges that were involved.
“Uppsala Security started as a project due to the lack of viable solutions that can help both organizations and individuals experiencing the unfortunate event of losing their crypto assets due to malicious activities and cybercrime. In 2016, I lost 7,218 ETH tokens from a Mist/Ethereum Wallet as a result of previously unrecognized security vulnerabilities; and there was no one that could help me. Today, I am happy and proud to be in a position where I can help victims of similar incidents; backed by an extremely innovative and passionate team dedicated to building and pushing towards the mass adoption of blockchain, cryptocurrencies, and decentralization. The Digital Asset Tracking Service is today’s go-to solution for victims of any type of malicious activity that resulted in the loss of digital assets. While security may go unnoticed, it holds everything together.”
– Patrick Kim, Founder & CEO of Uppsala Security